Insurance for the VvE
A VvE (Dutch owners' association) has to insure the building, but that does not mean the association is covered. Liability, directors' and officers' liability and legal expenses cover determine at least as much about what can go wrong.
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- We compare the offerings of several insurers
- An adviser checks whether the cover suits your activities
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
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- Switching arranged
- Help with claims
In brief
An owners' association is required by law to insure the building against fire and storm damage. When it comes to it almost every VvE chooses extended or comprehensive cover based on an agreed rebuild value.
In addition, a VvE usually needs liability for the building, directors' and officers' liability for the often unpaid board members, legal expenses for disputes with contractors and owners who do not pay, and sometimes glass, personal accident and environmental damage cover.
What the VvE does not insure is the individual resident's owner's interest: the kitchen, bathroom and flooring they installed themselves. That boundary is set out in the deed of division.
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We compare your buildings insurance across dozens of insurers, explain where the real differences lie, and arrange the switch from start to finish — without you having to chase it yourself.
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Get coveredWhy arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
What to look out for
Valuation every six years
A valuation under Article 7:960 of the Dutch Civil Code gives six years' protection against underinsurance. Expired valuations are the most common cause of a shortfall that is then apportioned among the owners.
The deed of division determines the boundary
What is communal and what is private follows from the deed. That boundary determines whether a loss falls under the VvE policy or on the owner.
Board members are personally liable
Unpaid board members can also be held responsible for improper management, for example where maintenance has been neglected.
Reserve fund and long-term maintenance plan
An up-to-date long-term maintenance plan helps when cover is assessed and in discussions about the cause of a loss. Deferred maintenance is excluded everywhere.
What determines the premium
- Agreed rebuild value
- Number of apartment rights
- Year of construction and construction type
- Use: homes, shops or mixed use
- Sections chosen and the excess
This information is general in nature and is not personal advice. What is actually covered, including exclusions and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover.
Frequently asked questions
Which insurances does a VvE need?
Buildings insurance against fire and storm is compulsory. Liability, directors' and officers' liability and legal expenses cover are sensible additions; glass, personal accident and environmental damage cover depending on the situation.
Who pays the premium?
The VvE, out of the owners' joint contributions. The premium is part of the budget adopted by the general meeting.
What if the VvE is underinsured?
Then payment is made in proportion when a loss occurs and every owner contributes to the shortfall. An up-to-date valuation prevents that.
What does the owner arrange themselves?
The home contents and the owner's interest: everything installed after handover, such as the kitchen, bathroom and flooring.
Every situation is different. For these situations we have a separate page.
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- VvE insurance and your own home: who insures what?Building, owner's interest, home contents
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- Buildings insurance (opstalverzekering) within VvE insurancePackage structure, small VvE, fractional shares
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